BHP vs SQM: Which Is the Better Dividend Stock?
As of September 2026, SQM (Sociedad Química y Minera de Chile S.A.) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. SQM offers the higher yield at 7.51%, BHP has the higher dividend-safety score, and SQM trades at the larger discount to fair value (+5%).
| Metric | BHP | SQM |
|---|---|---|
| Forward yield | 4.38% | 7.51% |
| Annual dividend | $3.96 | $5.74 |
| Payout ratio | 69% | 21% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -1.4% | — |
| 5-yr total return | 89% | 42% |
| Dividend safety score | 56 (C) | 46 (D) |
| Fair value estimate | $75.06 | $80.08 |
| Upside to fair value | -17% | +5% |
| Frequency | semiannual | quarterly |
| Market cap | $229.8B | $21.8B |
| P/E ratio | 23.4 | 15.7 |
Higher yield
SQM
7.51%
Safer dividend
BHP
Grade C
Faster growth
BHP
-1.4%
Better value
SQM
+5% upside
BHP vs SQM — FAQ
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